You are here

German Q2 growth solid but losing some momentum: Bundesbank

Tue, May 17, 2016 - 6:30 PM

German growth will remain solid in the second quarter but likely lose some of its momentum, the Bundesbank said in a monthly report on Tuesday, echoing private forecasts which have also pointed to more muted growth.

PHOTO: REUTERS

[FRANKFURT] German growth will remain solid in the second quarter but likely lose some of its momentum, the Bundesbank said in a monthly report on Tuesday, echoing private forecasts which have also pointed to more muted growth.

The eurozone's largest economy grew by 0.7 per cent in the first quarter, its strongest quarterly rate since the first quarter of 2014, pulling along a eurozone that is still saddled with high debt and high unemployment.